The Most Affordable Neighborhoods in Hubbard-Richard, Detroit, MI by Home Value

 

Hubbard-Richard, Detroit, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hubbard-Richard area can be challenging. Home prices in Hubbard-Richard are now at a median cost of $169,539, lower than the Detroit average of $268,120.

The average cost of rent is $807/mo in Hubbard-Richard, primarily driven by the current value of real estate in the Hubbard-Richard area. In Hubbard-Richard, 53.85% of households rent, and 63.61% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hubbard-Richard is $4,725 per month. Households that rent pay about 17.08% of their income on rent here. Hubbard-Richard’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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